partnership and trust registrations in the Cayman Islands have taken a hit
during the financial crisis. In 2010, the Cayman Islands General Registry
listed 91,206 companies as active on its register. This number represented a
small decline of 1.8 per cent from 2009 and a 2.7 per cent decline from the
high (93,698) in 2008.
drop was not only due to companies becoming inactive as a consequence of the
economic situation but also the result of new registrations not returning to
pre-crisis levels. While new registrations of exempted companies averaged just
above 1,000 on a monthly basis during 2007 and the first six months of 2008,
the average monthly number of new registrations has been around 600 since May
similar trend can be observed for new registrations of partnerships and trusts.
When comparing average monthly registrations for the two-year period 2009-2010
to 2007-2008, registrations of new exempted companies dropped by 40.3 per cent,
new trust registrations fell by 42 per cent and new partnership registrations
were 35.1 per cent lower.